Thursday, 23 November 2017

Leading bourse Bombay Stock Exchange (BSE)
has said it will auction investment limits on Friday, to enable foreign
investors to purchase corporate bonds worth over Rs 8,300 cr. The auction will
be carried out on the BSE’s e-bidXchange platform from 3.30 pm to 5.30 pm,
after the close of market hours.

The debt auction quota gives overseas
investors the right to invest in the debt up to the limit purchased. A mock
bidding session will be carried out on Thursday after the end hours of market to
check the performance of the system.

Earlier, in this month, the corporate
debt had attracted bids for Rs 12,005 cr from FPIs in an auction of investment
limits for such securities, much higher than Rs 9,018 cr that was on offer.